Rapid Recon is looking to help dealers showcase the high-value features of vehicles currently in their inventory via its latest tool. On Monday, the originator of reconditioning time-to-line software for dealerships announced the immediate availability of OEM MSRP window stickers powered by iPacket for Rapid Recon users through its Recon Connect interface with dealers’ inventory […] [Read More]

Massachusetts attorney general Maura Healey made another move involving the automotive space last week, alleging more misdeeds involving how vehicles are financed. Healey’s office is suing a Haverhill, Mass., franchised dealership for engaging in what the AG called unfair, deceptive, and discriminatory pricing practices against Black and Hispanic customers by illegally charging them hundreds of […] [Read More]

Tara Kasica is the senior vice president of sales at Polly, an insurance marketplace for auto retail. She joins the Auto Remarketing Podcast and discusses the growth of embedded insurance in the car-buying process, how changes in car ownership models impacts insurance and much more. To listen to the conversation, click on the link available below, or […] [Read More]

At a time when many crops are harvested, the Jim Ellis Automotive Group now is planting seeds for success in the luxury vehicle space. On Friday, the dealer group announced the groundbreaking for the first phase of a three-part plan for Mercedes-Benz of Atlanta South, which is currently located in South Fulton, Ga. An all-new […] [Read More]

DDI Technology literally now has more room to maneuver. This week, the electronic lien and title technology firm and a subsidiary of IAA announced the grand opening of its newly expanded corporate offices in Irmo, S.C. Now with 35% more office space, DDI highlighted the modern headquarters will accommodate more than 200 people, satisfying the […] [Read More]

Automotive Ventures said Thursday it has added Repairify president Tony Rimas to its operating partner team. Rimas previously was the co-founder and managing partner of FM Capital. While there, he managed investments that included Autoniq, Frontier Car Group, Vroom, Autopay and Revolution Parts. His background also includes an operational leadership role with Red McCombs Automotive […] [Read More]

CarLotz said Thursday it has launched a “Driver’s Seat Advantage” program that includes a 12-month/12,000-mile warranty, low-price match and seven-day/400-mile return policy. Getting into the program’s details, the low-price match means that if a consumer finds a comparable vehicle at a lower price within 100 miles of the hub where the car is up for […] [Read More]

Agora Data now has more financial fuel to maintain its energetic pace of providing independent dealers and finance companies precision performance analytics and access to ample, affordable capital. The fintech company announced this week that it closed a $100 million revolving credit facility with Credit Suisse Group AG. This latest transaction facility allows Agora Data […] [Read More]

Cox Automotive chief economist Jonathan Smoke made a pair of noteworthy observations following members of the Federal Open Market Committee (FOMC) deciding unanimously to raise the target range for the federal funds rate by another 75 basis points. “Combined with the increases made in June and July, the Fed has now moved the target rate […] [Read More]

Sutherlin Automotive Group has purchased Earl Duff Subaru in Kingston, Tenn., from Tim Duff, according to a news release from Performance Brokerage Services, which advised on the sale. The store will remain at its current location and is now known as Sutherlin Subaru. In the release, Duff said: “George Chaconas of Performance Brokerage Services reached […] [Read More]